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Kenedix Residential Next Investment (TSE:3278) Debt-to-EBITDA : 11.99 (As of Jan. 2023)


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What is Kenedix Residential Next Investment Debt-to-EBITDA?

Debt-to-EBITDA measures a company's ability to pay off its debt.

Kenedix Residential Next Investment's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jan. 2023 was 円27,350 Mil. Kenedix Residential Next Investment's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jan. 2023 was 円137,010 Mil. Kenedix Residential Next Investment's annualized EBITDA for the quarter that ended in Jan. 2023 was 円13,710 Mil. Kenedix Residential Next Investment's annualized Debt-to-EBITDA for the quarter that ended in Jan. 2023 was 11.99.

A high Debt-to-EBITDA ratio generally means that a company may spend more time to paying off its debt. According to Joel Tillinghast's BIG MONEY THINKS SMALL: Biases, Blind Spots, and Smarter Investing, a ratio of Debt-to-EBITDA exceeding four is usually considered scary unless tangible assets cover the debt.

The historical rank and industry rank for Kenedix Residential Next Investment's Debt-to-EBITDA or its related term are showing as below:

TSE:3278' s Debt-to-EBITDA Range Over the Past 10 Years
Min: 9.92   Med: 11.9   Max: 12.89
Current: 12.46

During the past 10 years, the highest Debt-to-EBITDA Ratio of Kenedix Residential Next Investment was 12.89. The lowest was 9.92. And the median was 11.90.

TSE:3278's Debt-to-EBITDA is not ranked
in the REITs industry.
Industry Median: 7.21 vs TSE:3278: 12.46

Kenedix Residential Next Investment Debt-to-EBITDA Historical Data

The historical data trend for Kenedix Residential Next Investment's Debt-to-EBITDA can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Kenedix Residential Next Investment Debt-to-EBITDA Chart

Kenedix Residential Next Investment Annual Data
Trend Jul13 Jul14 Jul15 Jul16 Jul17 Jul18 Jul19 Jul20 Jul21 Jul22
Debt-to-EBITDA
Get a 7-Day Free Trial Premium Member Only Premium Member Only 9.92 11.37 11.90 12.31 12.66

Kenedix Residential Next Investment Semi-Annual Data
Jul13 Jan14 Jul14 Jan15 Jul15 Jan16 Jul16 Jan17 Jul17 Jan18 Jul18 Jan19 Jul19 Jan20 Jul20 Jan21 Jul21 Jan22 Jul22 Jan23
Debt-to-EBITDA Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 12.76 11.76 12.43 12.59 11.99

Competitive Comparison of Kenedix Residential Next Investment's Debt-to-EBITDA

For the REIT - Residential subindustry, Kenedix Residential Next Investment's Debt-to-EBITDA, along with its competitors' market caps and Debt-to-EBITDA data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Kenedix Residential Next Investment's Debt-to-EBITDA Distribution in the REITs Industry

For the REITs industry and Real Estate sector, Kenedix Residential Next Investment's Debt-to-EBITDA distribution charts can be found below:

* The bar in red indicates where Kenedix Residential Next Investment's Debt-to-EBITDA falls into.



Kenedix Residential Next Investment Debt-to-EBITDA Calculation

Debt-to-EBITDA measures a company's ability to pay off its debt.

Kenedix Residential Next Investment's Debt-to-EBITDA for the fiscal year that ended in Jul. 2022 is calculated as

Debt-to-EBITDA=Total Debt / EBITDA
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / EBITDA
=(18450 + 141170) / 12609.823
=12.66

Kenedix Residential Next Investment's annualized Debt-to-EBITDA for the quarter that ended in Jan. 2023 is calculated as

Debt-to-EBITDA=Total Debt / EBITDA
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / EBITDA
=(27350 + 137010) / 13709.868
=11.99

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

In the calculation of annual Debt-to-EBITDA, the EBITDA of the last fiscal year is used. In calculating the annualized quarterly data, the EBITDA data used here is two times the quarterly (Jan. 2023) EBITDA data.


Kenedix Residential Next Investment  (TSE:3278) Debt-to-EBITDA Explanation

In the calculation of Debt-to-EBITDA, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by EBITDA. In some calculations, Total Liabilities is used to for calculation.


Be Aware

A high Debt-to-EBITDA ratio generally means that a company may spend more time to paying off its debt.

According to Joel Tillinghast's BIG MONEY THINKS SMALL: Biases, Blind Spots, and Smarter Investing, a ratio of Debt-to-EBITDA exceeding four is usually considered scary unless tangible assets cover the debt.


Kenedix Residential Next Investment Debt-to-EBITDA Related Terms

Thank you for viewing the detailed overview of Kenedix Residential Next Investment's Debt-to-EBITDA provided by GuruFocus.com. Please click on the following links to see related term pages.


Kenedix Residential Next Investment (TSE:3278) Business Description

Traded in Other Exchanges
N/A
Address
2-1-6 Uchisaiwaicho, Chiyoda-ku, Tokyo, JPN, 105-0004
Kenedix Residential Next Investment Corp is a Japanese real estate investment trust that acquires, owns, and leases residential properties throughout Japan. In terms of total acquisition price, the majority of the company's real estate portfolio is composed of residential developments in the Tokyo Metropolitan Area. The rest of Kenedix Residential's holdings are located in other Japanese regional areas. The vast majority of the company's assets are split between small family and studio residential units. Family dwellings also make up a sizable amount of Kenedix's portfolio. The company derives nearly all of its operating income in the form of rental revenue from leasing its properties to tenants. Small family residential units contribute the largest share of this income.

Kenedix Residential Next Investment (TSE:3278) Headlines

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